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is an update from an old friend and pair of ours, author of "beyond outrage" and steve moore, i guess robert reich attacks things, but why is it your democratic friends never want to cut spending and never want to shrink the government? why is that? >> i think a lot of documents are willing to cut spending that maybe you would agree with, larry. the problem with this bill, the biggest problem is it doesn't deal with the debt ceiling. we are going to have trench warfare and this is not going to end. >> the debt ceiling which is a scary thing. the republican's last shot at leverage, but markets get real nervous as i do when you start messing around with the us credit worthy news. and during the negotiations the democrats had no interesting spending. let me say one thing about this deal. if you look at the specifics of the deal, you know, it is not such a terrible thing, it is probably the best that republicans could get. but i want to make this point loud and clear. this is raising taxes on investment and businesses. i don't see anything good about it for the markets. we finally have resolutio
to our panel. joining us now democratic strategist john halinko and steve moore, i love this. harry reid today wants to turn an across the board spending cut into a tax hike. >> it is hard for president obama to make the case against it because it was barack obama's idea in the first place to have it. now democrats are sprinting from it. the reason is democrats thought republicans wouldn't be able to swallow the sddefense cuts. but they came to the conclusion, it is the only way to cut spending and the idea that we are going to transfer and get rid of the sequester and raise taxes. if any single republican voted for that, i would want them extracted from the party. it is the opposite of what we want. we had the biggest tax increase weeks ago. >> what is the president's position going to be? is he going to team up with harry reid and turn this into a tax hike xwbill? >> what we need to do is focus on the long-term deficit. i agree. you raised the point about the need to get together and come up with a deal and eliminate the deficit, that would be great. but cutting a massive, massive cut
Search Results 0 to 1 of about 2